Question: Please help on this homework 7. Let :9 = (61, . . . , 6p) ' denote the random parameters, the likelihood function is p(:1:|6),

Please help on this homework

7. Let :9 = (61, . . . , 6p) ' denote the random parameters, the likelihood function is p(:1:|6), and the prior is MB). (a) (3pts) Why do we use MCMC to summarize the posterior distribution for SIX? For instance, what other options are available for summarizing the posterior and what, if any, are the relative benets of MCMC? (b) (3pts) Find an expression for the marginal likelihood, 13(3). You do not need to evaluate any integrals just write the equation. (e) (3pts) Let mm\

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